Movado Group Inc. (MOV) Issues FY15 Earnings Guidance
Movado Group Inc. (NYSE:MOV) issued an update on its FY15 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.44 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.46, Stock Ratings Network reports. The company issued revenue guidance of $640.00 million, compared to the consensus revenue estimate of $639.79 million.
On a related note, analysts at Barrington Research initiated coverage on shares of Movado Group in a research note on Monday, June 23rd. They set an outperform rating and a $49.00 price target on the stock.
Movado Group Inc. (NYSE:MOV) opened at 44.04 on Tuesday. Movado Group Inc. has a 52 week low of $34.77 and a 52 week high of $48.50. The stock has a 50-day moving average of $41. and a 200-day moving average of $40.81. The company has a market cap of $1.114 billion and a price-to-earnings ratio of 22.67.
Movado Group (NYSE:MOV) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.10. The company had revenue of $143.60 million for the quarter, compared to the consensus estimate of $153.00 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts expect that Movado Group Inc. will post $2.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Stockholders of record on Friday, September 5th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.91%.
Movado Group, Inc (NYSE:MOV), designs, sources, markets and distributes fine watches.
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